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Topic: Business
Number of pages / Number of words: 5 / 1267
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The FOMC meets in Washington eight times a year and has twelve members: the seven members of the Board of Governors, the President of the Federal Reserve Bank of New York, and four of the other Reserve Bank Presidents, who serve in rotation. The remaining Reserve Bank Presidents contribute to the committee’s discussions and deliberations...


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The remaining Reserve Bank Presidents contribute to the committee’s discussions and deliberations. In addition, the directors of each Reserve Bank contribute to monetary policy by making recommendations about the appropriate discount rate, which are subject to final approval by the Governors. The goals of US Monetary Policy according to the Federal Reserve Act states that they are to "promote maximum employment, stable prices, and moderate long-term interest rates...


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